Company A purchases 10 percent of Company X and intends to hold the stock for at least five years. At the end of the current year, how would Company A’s investment in Company X be reported on Company A’s December 31 (year-end) balance sheet?

a. At original cost, in the current assets section.
b. At the December 31 fair value, in the current assets section.
c. At original cost, in the noncurrent assets section.
d. At the December 31 fair value, in the noncurrent assets section.